HUL – A long shot

Hindustan Unilever Ltd. is now resting at its Weekly trendline with another trendline confluencing at same levels of around 820-ish as of now. This is a very good level to go long with a stop below the trendline on a closing basis (but remember, this is a weekly chart, so weekly closing).

This is a cash chart and weekly, so short term traders should weigh all options actually before going long (drawdowns can affect rational thinking).

As you see, the RSI too – all dips on the price match the dips on RSI as well as the RSI Supportive TL.

Lets see what happens from hereon.

hul-20161027

 

Disclaimer: I am not a Research Analyst and not registered with any regulating authority. All posts are for educational purpose only

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ICICI Bank Ltd. – At top of the channel

ICICI Bank Ltd. – against all odds – has move to the top of the running channel. Now the million dollar question is – will it break and move up, or fall back down to the lower end.

Wait n watch is the key here.

icici-20161025

Disclaimer: I am not a Research Analyst and not registered with any regulating authority. All posts are for educational purpose only